Accountant - Lease

The Lease Accountant supports the Senior Accountant – Lease Supervisor, ensuring the integrity and accuracy of all the accounting related to lease agreements. The Lease Accountant also prepares statistical and analytical work papers for internal and external parties. This position ensures the maintenance of, and adherence to, existing controls, policies, and procedures for accurate and complete financial statements and the sustainment of our Sarbanes-Oxley compliance.

• Account for lease agreements, ensuring compliance with ASC 842. This includes recording new leases and handling lease modifications or renewals.
• Track, compile, and accrue triple-net expenses for all US and Canada stores.
• Reconcile and analyze various general ledger account balances and recommend to management appropriate actions to be taken, if necessary.
• Assist in the annual evaluation of Non-Real Estate Contracts by creating work papers and testing vendor agreements that may help identify embedded leases.
• Support internal and external audits during quarterly and annual reviews by providing requested documentation and analysis.
• Communicate with the Real Estate and Legal departments to understand changes to lease contracts, rent payments and associated facility expenses.
• Assist with the company’s month-end closing process by booking journal entries and creating variance reports within a strict deadline
• Other duties as assigned /li>
• Bachelor’s Degree in Accounting

• 0 to 2 years of experience in an accounting environment. Prior lease accounting experience is a plus.

• Master of Accountancy

• CPA or CMA preferred
• Previous Exposure to GAAP or SOX Environments
• Experience with Oracle Financials or other large ERP desired
• Proficient in Microsoft Office products and excellent computer skills.

• Experience with retail

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at  and  The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative.

For more information, please visit

Michaels offers a range of benefits to support team members and their families. Depending on position and eligibility, team members may have access to

• a 401(k) with employer match
• an Employee Assistance Program
• medical, dental, and vision coverage
• telemedicine services
• flexible spending accounts
• commuter benefits
• tuition assistance
• adoption assistance
• various voluntary insurance options

All team members enjoy everyday perks such as employee discounts and access to partner discount programs.

For a summary of benefits, visit the Michaels Benefits at a Glance page. For additional information regarding benefits, visit

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at (1800-MICHAEL).

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